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Electric cars in China

China EV startup WM Motor issues recall after battery fires

Tencent-backed producer blames supplier and offers free replacements

WM Motor said this week that one of its EX5 SUVs caught fire on the campus of the Chinese Academy of Sciences in Beijing.   © Reuters

HONG KONG -- WM Motor, a startup electric vehicle producer backed by Tencent Holdings and Baidu, has issued a recall for more than 1,000 vehicles after three caught fire within a month.

The news comes as a blow just a month after WM raised 10 billion yuan ($1.49 billion) from investors led by the Shanghai city government and state-owned carmaker SAIC Motor and amid local media reports that it has filed preliminary paperwork for an initial public offering on Shanghai's STAR Market.

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